Perimeter Solutions, SA (NYSE:PRM) Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 58.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 714,250 shares of the company's stock after purchasing an additional 264,623 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.49% of Perimeter Solutions worth $9,128,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. McAdam LLC purchased a new position in shares of Perimeter Solutions in the fourth quarter worth about $131,000. Tower Research Capital LLC TRC raised its holdings in Perimeter Solutions by 90.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock valued at $136,000 after acquiring an additional 5,054 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Perimeter Solutions by 14.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock worth $151,000 after purchasing an additional 1,519 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Perimeter Solutions during the 4th quarter worth approximately $160,000. Finally, Summit Investment Advisors Inc. grew its position in shares of Perimeter Solutions by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 14,000 shares of the company's stock valued at $179,000 after purchasing an additional 889 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company's stock.

Insider Buying and Selling

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the sale, the director now directly owns 471,226 shares in the company, valued at $4,321,142.42. This trade represents a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.70% of the company's stock.

Perimeter Solutions Trading Up 2.9 %

Perimeter Solutions stock traded up $0.30 during midday trading on Friday, hitting $10.52. 972,169 shares of the stock were exchanged, compared to its average volume of 914,435. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -75.14 and a beta of 1.88. The stock's 50-day simple moving average is $9.78 and its 200 day simple moving average is $11.74. Perimeter Solutions, SA has a fifty-two week low of $7.00 and a fifty-two week high of $14.44.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.21. The firm had revenue of $86.23 million for the quarter, compared to analyst estimates of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. On average, equities analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Analyst Ratings Changes

Separately, UBS Group upgraded Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective on the stock in a research report on Wednesday, March 26th.

Perimeter Solutions Company Profile

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.